Twitter: No Turnaround in First Year Under Dorsey

Quartz: It’s been almost a year since Dick Costolo announced he was stepping down as Twitter’s CEO, putting Jack Dorsey, the social network’s cofounder, in the top spot again. Dorsey’s efforts to turn around Twitter apparently haven’t impressed investors. The tech firm’s stock price, bouncing back from yet another new low, closed at $15.05 on May 27, less than half of what it was a year ago. MoffettNathanson downgraded Twitter’s stock to sell, arguing that “hope is not a strategy.”